BusinessPeople

Thomas Grønnevik Talks About the Unspoken Side of the Crypto World

2 Mins read

Crypto is in a black and white zone right now. It’s either good, or it’s too good to be true. It’s either a step towards freedom or an illegal entity. Crypto, in some way, has divided the world into two parts, but there’s also a third. Pioneers in the field believe that there are some things about crypto that popular media channels haven’t promoted well enough. In this article, Thomas Grønnevik discusses three such aspects. 

Cryptocurrency fluctuates 

Most people are of the opinion that since you can easily make money out of crypto, they must always be stable. But this idea goes against the fundamentals of crypto. Thomas Grønnevik explains, “Cryptocurrency is a part of the trading world. And the world of trade is essentially built on the rise and fall, stability and fluctuation of the market. In short, without these essential and intrinsic fluctuations, you’ll never be able to make any money on crypto. In fact, a trick of the trade is to invest in crypto, which fluctuates the most.” 

Crypto won’t make you rich overnight 

One might not admit it, but at some point, everybody has thought of crypto as their own private key to the land of Oz. But it isn’t so. Thomas Grønnevik says, “Since fluctuations are at the heart of crypto trading, you can see why it can’t make you rich overnight. Sure, there’ll be odd cases here and there, but it’s not true in the aggregate.” 

Crypto isn’t infinite 

People who binge on scattered information about crypto end up believing one or two things about it from the get-go. And they are not really to blame, although deep research never hurt anybody, yet, to think of crypto as an infinite entity is a conclusion one can draw. The problem is that very few voices are addressing this misconception. Thomas Grønnevik is one who wishes to do just that. He says, “Incredible as it might sound, there’s no unlimited supply of crypto or its production. Every cryptocurrency has a fixed place limit and can only be mined at that value. A user can create only a certain number of cryptocurrencies. Once they reach the set limit, they can create no more. This clause helps to keep recklessness at bay and all the exploitation and greed it may bring along.” 

Cryptocurrency is in its nascent stage, and when experts like Thomas Grønnevik dispel misconceptions, one can begin to appreciate it for what it is. 

Related posts
EntertainmentPeople

Netflix drops the second trailer and official release date for ‘Harry & Meghan’

1 Mins read
Netflix is set to spill some royal tea with the Duke and Duchess of Sussex. The royals’ highly anticipated docuseries Harry &…
EntertainmentPeople

‘Orange Is the New Black’ actor Brad William Henke dead at 56

2 Mins read
Football pro turned actor Brad William Henke “died peacefully in his sleep” on November 29, as per his agent Sheree Cohen. No…
EntertainmentPeopleWorld

Harry and Meghan’s official Netflix docuseries drops first-look trailer

2 Mins read
Thursday, December 1, Netflix released the first-look trailer for Prince Harry and Meghan Markle’s highly anticipated docuseries. It is directed by Liz…